Former presidential candidate Ralph Nader argued that there was little difference between Republicans and Democrats — that they both bow down to corporate masters. Though that’s an overstatement, there’s some truth to it when it comes to regulating Wall Street. The Sunday Eagle reported that Democrats are among the most vocal advocates for weakening a plan to regulate derivatives, and that Democrats are receiving the most campaign cash from securities and investment interests. As a New York Times editorial noted: “They are catering to corporate interests that prefer the status quo — and write big campaign checks.”
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